The Grand Hyatt San Francisco was part of a trio of hotel properties divested by Hyatt Hotels Corporation to Host Hotels & Resorts for roughly $1 billion. The agreement also included the 301-room Andaz Maui at Wailea Resort in Hawaii, and the 454-room Hyatt Regency Coconut Point Resort and Spa in southwest Florida.

Two of the three hotels, Andaz Maui and the 668-room Grand Hyatt San Francisco, reflect a combined attributed sale value of roughly $800 million, and form part of Hyatt’s ongoing $1.5 billion permanent sell-down program. Hyatt will continue to manage the three hotels under long-term management agreements. The transaction is expected to close near the end of March 2018.